272
272
Dec 28, 2012
12/12
by
FOXNEWSW
tv
eye 272
favorite 0
quote 0
pass the obama tax cut and reinstate the sequester cuts to things like he likes like the national institute of health and cut the defense budget. put republicans in the corner to say you want to bring a bill to the floor? be my guest. am i right? >> bob: my, you are cynical. keep in mind, they said, boehner said he wants to go to the senate. under the constitution, you cannot start a bill on taxes in the senate. has to come from the house. there is a 48-hour limit because you have to have the house of representatives look at it. i think the deal is cut. they will get legislation and vote on it late monday night. >> andrea: do you think a deal is cut? i talk to people and they say no deal. >> eric: there is no deal. they are saying no deal. president obama coming back to d.c. to fix what he broke in the first place. two solid years to deal with it. this is a gimmick, the flying back from hawaii to do this. nothing going over the fiscal cliff. let the tax cut expire. come back in, offer the tax cuts for people under 250. call them obama cuts and get it going. if you are in congress. you make
pass the obama tax cut and reinstate the sequester cuts to things like he likes like the national institute of health and cut the defense budget. put republicans in the corner to say you want to bring a bill to the floor? be my guest. am i right? >> bob: my, you are cynical. keep in mind, they said, boehner said he wants to go to the senate. under the constitution, you cannot start a bill on taxes in the senate. has to come from the house. there is a 48-hour limit because you have to have...
74
74
Dec 27, 2012
12/12
by
FBC
tv
eye 74
favorite 0
quote 0
in response to put up 800 million in tax revenue changing his entire mind and obama said basically i don't have to respond to this, i will just take it. >> president obama is governing as a negative way with an iron fist. he wants them to respect his perceived election mandate and friendly john boehner was acting in good faith because by allowing tax rate go up on certain segments of the population was compromising principles in hopes of something in return and the president offered nothing in return. gerri: there is a big storm, hundreds of flights have been canceled. it is very possible not everybody will be able to be there. with this disrupts the situation yet again? >> it could. one of my favorite movies is planes, trains and automobiles. why trouble are those in hawaii. it could be a problem. look, i agree with you, these are congressmen and congresswoman. if there is seriously a deal, they will find a way to get here and it will be done. gerri: there were all sorts of interesting stories, rumors about putting something on a table on sunday. some other information going to come
in response to put up 800 million in tax revenue changing his entire mind and obama said basically i don't have to respond to this, i will just take it. >> president obama is governing as a negative way with an iron fist. he wants them to respect his perceived election mandate and friendly john boehner was acting in good faith because by allowing tax rate go up on certain segments of the population was compromising principles in hopes of something in return and the president offered...
191
191
Dec 29, 2012
12/12
by
FOXNEWSW
tv
eye 191
favorite 0
quote 0
out a deal before taxes go up on more than 160 million americans. after the meeting, the president presented a new plan to avoid the cliff and said he was modestly optimistic. >> we had a constructive meeting today. senators reid and mcconnell are discussing a potential agreement where we can get a bipartisan bill out of the senate over into the house and done in a timely fashion so that we met the december 31st deadline. given how things have been working in this town we have to actually wait and see until it actually happens. the one thing that the american people should not have to wait and see is some sort of action. so if we don't see an agreement between the two leaders in the senate, i expect a bill to go on the floor. and i have asked senator reid to do. this put a bill on the floor that makes sure that taxes on middle class families don't go up, that unemployment insurance is still available for 2 million people, and that lays the groundwork then for additional deficit reduction and economic growth steps that we can take in the new year. >>
out a deal before taxes go up on more than 160 million americans. after the meeting, the president presented a new plan to avoid the cliff and said he was modestly optimistic. >> we had a constructive meeting today. senators reid and mcconnell are discussing a potential agreement where we can get a bipartisan bill out of the senate over into the house and done in a timely fashion so that we met the december 31st deadline. given how things have been working in this town we have to actually...
111
111
Dec 31, 2012
12/12
by
FOXNEWSW
tv
eye 111
favorite 0
quote 0
. >> what president obama says about raising taxes. >> i am just listening to the consensus among people who know the economy best. and what they will say is that if you either increase taxes or significantly lower spending when the economies remain some what fragile it would have a de simulated effect and potentially you see a lot of folks losing business, more folks potentially losing jobs that would be a mistake when the economy has not fully taken off. >>> with me is wall street journal senior economics writer receive moore. has the president changed his mind? >> i love that quote that you have shown. i think it was almost exactly two years ago when the president said that. he said the economy was too fragile for a tax increase. the economy is more fragile now than it was two years ago. if the president were to make an announcement tonight and be a real statesman we are at a deadlock here, we can't reach an agreement, i am going to agree for the good of the country and good of the economy to extend the tax cuts for everybody for 6 months until we get this resolved we wouldn't be talk
. >> what president obama says about raising taxes. >> i am just listening to the consensus among people who know the economy best. and what they will say is that if you either increase taxes or significantly lower spending when the economies remain some what fragile it would have a de simulated effect and potentially you see a lot of folks losing business, more folks potentially losing jobs that would be a mistake when the economy has not fully taken off. >>> with me is...
340
340
Dec 28, 2012
12/12
by
FOXNEWSW
tv
eye 340
favorite 0
quote 0
i mean the idea that -- taxes going to go up on obama care and a bunch of other taxes kick in and cost of living going up. the pragmatic rehe action would be in an a perfect world there would be no tax increases. going to happen one way or another. your point is he should stick to principle and go over the cliff. >> that is why he got elected by his body and in his district. we kept the house. the taxing authority. we have the constitutional authority and duty to go in there and tax and spend and create that budget. also we beat up obama and rightly so for the lack of transparency in the obama care debate and we are having four people negotiate the budget. put it back into paul ryan's hands and let's lead. >> i heard paul ryan's name mentioned. of course, his office, don't look at us. we support boehner. but look, if there was some revolt, if this thing is real and people will start mentioning ryan and it builds and builds and builds, i mean would he be somebody who said no to that? >> i think he would say no very quick. he might have other plans perhapses in 2016 and running for speak
i mean the idea that -- taxes going to go up on obama care and a bunch of other taxes kick in and cost of living going up. the pragmatic rehe action would be in an a perfect world there would be no tax increases. going to happen one way or another. your point is he should stick to principle and go over the cliff. >> that is why he got elected by his body and in his district. we kept the house. the taxing authority. we have the constitutional authority and duty to go in there and tax and...
318
318
Dec 31, 2012
12/12
by
FOXNEWSW
tv
eye 318
favorite 0
quote 0
do it as a straight tax reduction. those who resisted it a week ago tax hike on the rich can argue it's not a hike, the hike already happened. but that is the only way to pre-empt obama extending all of this and making the republicans, fall guys for a hike in middle class taxes. >> bret: we're assuming it is past the senate. you have senators who have all expressed major concerns. >> you just know three most liberal senators, it's absurd, it should be million. >> you know anybody can stand up in the senate to cause the problems. >> but a lot of people are unfair and unrealistic and the president moved a lot. the fact he has moved up off of the $250,000 when he has given in on the tax cuts before. i think that the republicans are being extremely unreasonable. none of this adds up. >> bret: we'll talk more about this. we also have an 8:00 p.m. show tonight, believe it or not. we have more to talk about. keep it here. humans. even when we cross our t's and dot our i's, we still run into problems. namely, other humans. whi
do it as a straight tax reduction. those who resisted it a week ago tax hike on the rich can argue it's not a hike, the hike already happened. but that is the only way to pre-empt obama extending all of this and making the republicans, fall guys for a hike in middle class taxes. >> bret: we're assuming it is past the senate. you have senators who have all expressed major concerns. >> you just know three most liberal senators, it's absurd, it should be million. >> you know...
211
211
Dec 27, 2012
12/12
by
MSNBCW
tv
eye 211
favorite 0
quote 0
we had a nation that voted for obama's plan to raise taxes on the wealthy. >> that's a good idea. we should raise taxes on the 2% wealthiest people in america. but there's this group of people on the far right that will vote them out of office. they will put up somebody farther right than the people we have in washington and get them out of office. so they're all afraid to vote for a modest tax increase of people who can totally afford it. and that small group of people is dominating this discussion to the detriment of the entire nation. >> john mcccain said this. interesting it has interestingly become clear that the party is against everything and for nothing. nothing on taxes to you. nothing on gun control. nothing on climate change. nothing only gay marriage. nothing on immigration reform on incremental peace approach which will result in nothing. it's a very odd situation when the losing party is the party refusing to negotiate. it may be how you disrupt, but it is now how you govern or how you ever hope to regain a majority. listen to these strategists from the right. >> we
we had a nation that voted for obama's plan to raise taxes on the wealthy. >> that's a good idea. we should raise taxes on the 2% wealthiest people in america. but there's this group of people on the far right that will vote them out of office. they will put up somebody farther right than the people we have in washington and get them out of office. so they're all afraid to vote for a modest tax increase of people who can totally afford it. and that small group of people is dominating this...
121
121
Dec 28, 2012
12/12
by
FOXNEWSW
tv
eye 121
favorite 0
quote 0
and don't forget, these are the bush-obama tax cuts. all the president needs to do is actually propose some spending cuts. i think with geithner's admission that the debt ceiling will be burst through on december 31st clearly shows it's a problem. it's time to cut spending, not for now but future generations that have to pay this off. >> it seems to me, congressman gohmert, the bush tax cuts have been law since 2001-2003. it seems if the president doesn't want to go over the fiscal cliff, you guys pass the bill, harry reid could do something he hasn't done in over three years, pass it in the senate, give it to the president, and nobody's taxes are going to go up, crisis averred and then they can spend team after the new year negotiating tax reform, entitlement reform, living within our means. why don't they just do that? >> well, they could, but they want to demonize the house. they want to pontiff indicate without actually doing anything in the way of legislating. sean, if you look back at the history, the deficit ceiling bill back a y
and don't forget, these are the bush-obama tax cuts. all the president needs to do is actually propose some spending cuts. i think with geithner's admission that the debt ceiling will be burst through on december 31st clearly shows it's a problem. it's time to cut spending, not for now but future generations that have to pay this off. >> it seems to me, congressman gohmert, the bush tax cuts have been law since 2001-2003. it seems if the president doesn't want to go over the fiscal cliff,...
132
132
Dec 30, 2012
12/12
by
CSPAN
tv
eye 132
favorite 0
quote 0
and the differences have always been that president obama has maintained that tax cuts should be allowed to expire for people making more than $250,000. mitt romney called for extending all the tax cuts fully. and making other changes to the tax code. but, you know, i mean, he wouldn't be in office right now anyway. so i think we would still be here talking about what to do come january 1. host: all right. david in maine on our line for independents. go ahead, david. caller: yes. i've been around for a few years and i've seen this coming since 1970. when revenue -- when wages did not go up, revenue doesn't come into the government. and when we constantly spend and promote money, shipment overseas, shipment job overseas, and we blame people like me on social security, you know we're elite on systems. excuse my language. host: david, we're going to leave it there. joseph rosenberg. guest: it is true right now that tax collections are at near historic low but that largely remains a result of the still weak economy. and so when the economy went into recession in late 2008, tax collections re
and the differences have always been that president obama has maintained that tax cuts should be allowed to expire for people making more than $250,000. mitt romney called for extending all the tax cuts fully. and making other changes to the tax code. but, you know, i mean, he wouldn't be in office right now anyway. so i think we would still be here talking about what to do come january 1. host: all right. david in maine on our line for independents. go ahead, david. caller: yes. i've been...
111
111
Dec 29, 2012
12/12
by
FOXNEWSW
tv
eye 111
favorite 0
quote 0
they can cut taxes, spending, and blame the gop. the gop is doing the smart thing and pointing the finger at the real problem, which is out-of-control spending. fixing the not going to be easy, but it's not complicated. we can't just rely on raising taxes. we have to look at cutting spending and the republicans are doing that, even more so with gite ner pointing out the -- geithner pointing out the fact, warning us on the debt ceiling. this shows us we have out of control spending and raising taxes is not going to get us out of this mess. >> alice, you realize that most americans think you need a combination of tax hikes and spending cuts. it's not just one half of the deal. this is republicans and democrats, about 70% of americans, so it's not just a one-sided deal, and the second thing to say is, you know, these guys aren't that far apart. you know, in fact, when you look at how much revenue boehner has put on the table, he's close to a trillion dollars and he's just simply saying i want a trillion dollars in spending cuts as with
they can cut taxes, spending, and blame the gop. the gop is doing the smart thing and pointing the finger at the real problem, which is out-of-control spending. fixing the not going to be easy, but it's not complicated. we can't just rely on raising taxes. we have to look at cutting spending and the republicans are doing that, even more so with gite ner pointing out the -- geithner pointing out the fact, warning us on the debt ceiling. this shows us we have out of control spending and raising...
379
379
Jan 1, 2013
01/13
by
FOXNEWSW
tv
eye 379
favorite 0
quote 0
i think in terms of taxes this is probably obama's high water mark. >> bret: it just seems like this is taking a long time for this caucus meeting particularly if all of the signals that were going out to all of the news organizations and all of the statements being made was that the deal is done and we have a deal, a very ecstatic looking vice president biden walking past reporters saying happy new year. you know, it seems like there could be some trouble here even on the senate side before you even get past the hurdle of the house. >> you know, that is absolutely true. i think there is no question and we saw this actually earlier today even as the outlines were taking shape a number of democratic senators came to the senate floor and talked badly said this is not a bill that they would have signed and some even so far to say look this is not a deal we should accept and then tom thought we should go over the fiscal cliff and start from the standpoint when rates have gone up everywhere and then start and deal with rates after you have all of the new revenue coming in and sort of star
i think in terms of taxes this is probably obama's high water mark. >> bret: it just seems like this is taking a long time for this caucus meeting particularly if all of the signals that were going out to all of the news organizations and all of the statements being made was that the deal is done and we have a deal, a very ecstatic looking vice president biden walking past reporters saying happy new year. you know, it seems like there could be some trouble here even on the senate side...
208
208
Dec 31, 2012
12/12
by
FOXNEWSW
tv
eye 208
favorite 0
quote 0
health care tax. the only thing you left out of that wrap is just like greece. >> the first time an attorney general to be held in contempt. >> and the vote that the house republicans want is a political vote. >> they played a bad hand, right now it's going to be a witch hunt. if you get more then it becomes intervention. >> the water has just now breached over the sand dunes. >> hurricane sandy a superstorm meteorologists are calling a once in a lifetime occurrence. the whole coast is devastated. >> the number of ambulances to move these children is remarkable. >> and lost homes in many forms-- ♪ ♪ >> andrew breitbart died this morning, he was 43. he was a publisher, an activist and a commentator, but that says almost nothing about this force of nature. he was a big kid who treated his opponents like humans. it was never about people, it was always, always about principles. . >> the u.s. has just evacuated all personnel from benghazi to tripoli. >> this was something that was a concerted effort,
health care tax. the only thing you left out of that wrap is just like greece. >> the first time an attorney general to be held in contempt. >> and the vote that the house republicans want is a political vote. >> they played a bad hand, right now it's going to be a witch hunt. if you get more then it becomes intervention. >> the water has just now breached over the sand dunes. >> hurricane sandy a superstorm meteorologists are calling a once in a lifetime...
99
99
Dec 28, 2012
12/12
by
WUSA
tv
eye 99
favorite 0
quote 0
the deadline for across the board tax increases and deep spending cuts is just four days away. president obama is scheduled to meet with congressional leaders at the white house this afternoon. senate majority leader harry reid says the likelihood of reaching a deal is a long shot. but senator charles schumer told the "today" show that the odds are better than people think. if a deal were to pass, senate house speaker john boehner would have to agree to take it to the floor of the republican controlled house. danielle nottingham has more. >> reporter: president obama is meeting today at the white house with top congressional democrats harry reid and nancy pelosi and leading republicans mitch mcconnell and john boehner. it's the president's first meeting with congressional leaders since november 16th. the closed door discussions are an attempt to reach a last- minute agreement to avoid automatic spending cuts and tax increases due to kick in on january 1st. >> probably the worst case scenario will come out of this maybe today and -- meeting today and that is we will kick the can
the deadline for across the board tax increases and deep spending cuts is just four days away. president obama is scheduled to meet with congressional leaders at the white house this afternoon. senate majority leader harry reid says the likelihood of reaching a deal is a long shot. but senator charles schumer told the "today" show that the odds are better than people think. if a deal were to pass, senate house speaker john boehner would have to agree to take it to the floor of the...
82
82
Dec 29, 2012
12/12
by
FBC
tv
eye 82
favorite 0
quote 0
whether it is obama's tax increase, whether we get obama's tax increase tomorrow or get it a month from now the net result is still the same. we're going to have a less competitive economy because of what is coming out of washington. adam: chime in, rick said, nah why do you say that? >> you will get a tax increase. i think number will be closer to 500,000 before we're done. certainly closer than 250,000. this is, i don't know, for years i've had to listen to this, it is going to hurt our economy if we raise taxes on the top 2%. there are many things happening that can hurt our economy. the fact we're having this conversation two or three days before the end of the year is hurtings our economy. adam: but we've seen that. >> raising taxes isn't going to be it. adam: let me bring dan back in here. dan, i want to ask you, raising taxes only raises $80 billion at best in a budget almost a trillion dollars over budget. so what do you to fix that problem? >> all we have to do to balance the budget in 10 years limit the growth of government spending so that the budget climbs by an average 2.5%
whether it is obama's tax increase, whether we get obama's tax increase tomorrow or get it a month from now the net result is still the same. we're going to have a less competitive economy because of what is coming out of washington. adam: chime in, rick said, nah why do you say that? >> you will get a tax increase. i think number will be closer to 500,000 before we're done. certainly closer than 250,000. this is, i don't know, for years i've had to listen to this, it is going to hurt our...
221
221
Dec 29, 2012
12/12
by
CNNW
tv
eye 221
favorite 0
quote 0
so president obama agreed to extend the tax cuts for two more years in exchange for congress extending federal emergency unemployment benefits. those cuts are expensive. if they're extended, by 2020, the bush-era tax cuts will be responsible for more than half the total national debt. democrats insist that taxes go up for the wealthy but stay in place permanently for those earning less than $250,000 a year. >> we need to stop the job-killing tax hikes, and we need to start cutting spending now. >> reporter: republicans refuse to play ball. they say no higher rates on the rich, no tax hikes on anyone. based on an ideology that calls for government to be as small as possible. now, its roots are as old as american politics. but today the philosophy's main spokesman is this man, grover norquist. president of americans for tax reform. norquist's pledge, signed by almost all republicans in congress, forbids signatories from raising taxes ever, under any circumstances. things come to a head in the summer of 2011. republicans demand the government reduce its deficit as a condition for raising
so president obama agreed to extend the tax cuts for two more years in exchange for congress extending federal emergency unemployment benefits. those cuts are expensive. if they're extended, by 2020, the bush-era tax cuts will be responsible for more than half the total national debt. democrats insist that taxes go up for the wealthy but stay in place permanently for those earning less than $250,000 a year. >> we need to stop the job-killing tax hikes, and we need to start cutting...
178
178
Dec 28, 2012
12/12
by
FOXNEWSW
tv
eye 178
favorite 0
quote 0
in a bad economy is to raise taxes. now suddenly both sides are considering doing exactly that. you've got three different studies of that shown that if you raise these taxes, you are going to kill somewhere between $700,000 and -- 700,000 and 1.1 million jobs. but all that not be standing, it has nothing to do with the issue. the issue has been, will continue to be, spending. >> okay. >> that's what no one wants to talk about. >> no, wait a second, brent. everybody wants to talk about it. i mean everybody says we have to do something about spending in this country. today the treasury secretary geithner came out and said we are going to approach, you know, the debt ceiling much more quickly than we anticipated. so everybody, republican and democrat. and i was just saying to sean here's the president saying we've got to do something about spending. simpson-bowles was asking for $2 billion or something in tax hikes. he's down now to 1.2. saying we have to do something in terms of limbing the rate of growth by changing the
in a bad economy is to raise taxes. now suddenly both sides are considering doing exactly that. you've got three different studies of that shown that if you raise these taxes, you are going to kill somewhere between $700,000 and -- 700,000 and 1.1 million jobs. but all that not be standing, it has nothing to do with the issue. the issue has been, will continue to be, spending. >> okay. >> that's what no one wants to talk about. >> no, wait a second, brent. everybody wants to...
154
154
Dec 28, 2012
12/12
by
KRCB
tv
eye 154
favorite 0
quote 0
. >> reporter: the ports impacted generate an estimated $11 billion in state and local taxes annually. but losses from any strike will be felt far beyond the coast, with industries as diverse as agriculture, manufacturing and retail taking a hit. that's got the national retail federation urging president obama to intervene: >> the ports are a critical component to the u.s. global supply chain and a potential strike or shutdown to the ports not only impacts retailers but all other businesses who rely on the ports to move the nation's commerce. >> reporter: the sticking point in negotiations: a decades old law, called the container royalty fund. it was established in the 1960s to help dockworkers displaced by technology, the port alliance says these days those royalties serve as a bonus to workers, not a safety net. but the union disagrees saying the payments still help compensate workers for lost job opportunities. florida is home to almost a third of the ports that would be affected by the potential strike, governor rick scott says he's still thinks a deal will be reached, but if it d
. >> reporter: the ports impacted generate an estimated $11 billion in state and local taxes annually. but losses from any strike will be felt far beyond the coast, with industries as diverse as agriculture, manufacturing and retail taking a hit. that's got the national retail federation urging president obama to intervene: >> the ports are a critical component to the u.s. global supply chain and a potential strike or shutdown to the ports not only impacts retailers but all other...
170
170
Dec 28, 2012
12/12
by
WUSA
tv
eye 170
favorite 0
quote 0
. >> reporter: and hope is fading that congress can get a deal done before tax hikes and spending cuts kick in january 1st. >> i am not optimistic. >> reporter: even congressional leaders are cemental. >> the american people have a right to be very upset with this congress. >> reporter: president obama invited pelosi, john boehner and harry reid to the white house this afternoon for a fiscal cliff summit. >> here we are five days from the new year. and we might finally start talking. >> reporter: today's white house meeting might be the last chance to come to an agreement. that's because it takes time for a bill to work its way through both chambers of congress. >> i don't know time-wise how it can happen now. >> reporter: under senate rules the only way a bill could make its way through the procedural hurdles in time is if every senator agrees not to slow the progress. the senate will be
. >> reporter: and hope is fading that congress can get a deal done before tax hikes and spending cuts kick in january 1st. >> i am not optimistic. >> reporter: even congressional leaders are cemental. >> the american people have a right to be very upset with this congress. >> reporter: president obama invited pelosi, john boehner and harry reid to the white house this afternoon for a fiscal cliff summit. >> here we are five days from the new year. and we...
113
113
Dec 31, 2012
12/12
by
FBC
tv
eye 113
favorite 0
quote 0
social security taxes going up tomorrow. obama care taxes going up tomorrow. if you get a bounce to the market, will it last? >> i don't think it will. i think it will be very short lived. i think people will come in and sell the bounce, stuart. then they will look at the details and the details won't look good and this market may take a very big hit because of that. it will be short lived as far as i'm concerned. stuart: i'm picking up on very big hit, key words. what do you mean by that, larry levin? >> the market could -- we saw the market overnight in the s&ps trade down to 1380. i think 1350 is the next spot after that. that's another 50 points below where we're trading in the s&ps alone stuart. that's the kind of big hit i'm talking about. stuart: that would be a big hit. larry levin, thank you very much. happy new year to you. >> happy new year to you. stuart: let's bring in the author of how rich people think. steve, the rich voted not in overwhelming numbers but they certainly gave many of their votes to president obama in the last election. now, the
social security taxes going up tomorrow. obama care taxes going up tomorrow. if you get a bounce to the market, will it last? >> i don't think it will. i think it will be very short lived. i think people will come in and sell the bounce, stuart. then they will look at the details and the details won't look good and this market may take a very big hit because of that. it will be short lived as far as i'm concerned. stuart: i'm picking up on very big hit, key words. what do you mean by...
136
136
Dec 29, 2012
12/12
by
CNNW
tv
eye 136
favorite 0
quote 0
raising taxes on rich people is what obama talks about instead of doing his job. so it's -- there are two costs to this. one, if you take money out of savings and investment, which is what you're doing with this, it doesn't help, it reduces the incentives to save, invest, and work. and the other thing you do is you never get to reform government entitlements. >> that's not causal, though. >> it is, it is, absolutely. >> it's not. >> you live in new york. i live in d.c. >> yeah. >> washington. this is all causal. the reason he's talking about tax increases is to avoid the conversation and dealing with spending restraint. that's why obama does what he does. >> the reason i doubt that, grover, is because we've all done the math and we all absolutely agree on the math that you can't get out of the deficit hole we're in by taxing rich people, even if you tax them at 100%. everybody knows that. when republicans say we don't have a tax problem, we have a spending problem, the fact is we've got both and we can deal with that. let me ask you this. you gave your bletszing i
raising taxes on rich people is what obama talks about instead of doing his job. so it's -- there are two costs to this. one, if you take money out of savings and investment, which is what you're doing with this, it doesn't help, it reduces the incentives to save, invest, and work. and the other thing you do is you never get to reform government entitlements. >> that's not causal, though. >> it is, it is, absolutely. >> it's not. >> you live in new york. i live in d.c....
658
658
Dec 30, 2012
12/12
by
CNNW
tv
eye 658
favorite 0
quote 0
>> and when john boehner came up with what i kept seeing the pictures of john boehner and president obama sitting together and very good picture and they are both good guys to come up with a plan, and john boehner came up with a plan that democrats would not enjoy the idea that taxes going up on people earning more than $1 million a year and not acceptable for most people, but he could not get members of his own caucus to agree to it, so it is not fair for the republicans to somehow suggest that we are here because of the democrats. i am not saying that the democrats had nothing to do with it, but you can't get your own act together, and the republicans and the democrats in the house can't get their act together. >> well, we are here as inaction, and here is the deal on that, and what the president wanted to do was to generate enough revenue to cover government for agent eight days, seven or eight days and what do you do with the other 350-plus days leftover? you cannot continue to run trillion dollar deficits every year, because we are already at $16 trillion in debt. what we have is a d
>> and when john boehner came up with what i kept seeing the pictures of john boehner and president obama sitting together and very good picture and they are both good guys to come up with a plan, and john boehner came up with a plan that democrats would not enjoy the idea that taxes going up on people earning more than $1 million a year and not acceptable for most people, but he could not get members of his own caucus to agree to it, so it is not fair for the republicans to somehow...
230
230
Dec 29, 2012
12/12
by
MSNBCW
tv
eye 230
favorite 0
quote 0
meeting this the red room, president obama held firm for tax cuts for families making up to $250,000 per year, and joining me on the north lawn of the white house is kristen welker. kristen, let's listen to what the president said about and up or down vote or what he expects from the senate. >> i had a good and constructive discussion here with the leadership about this tax hike on the middle-class. i am optimistic that we can reach an agreement that will be passed in both houses. if an agreement is not reached in time between senator reid and senator mcconnell, then i will urge senator reid to bring to the floor and up or down vote for the floor, and i believe a p proposal could pass both houses with majorities as long as the leaders allow it to actually come to a vote. if members of the house or the senate want to vote no, they can. but we should let everybody vote. >> kristen, this up or down vote seems to be be the big news of the day, and isn't this what the white house wanted all along? >> well, it is. it is prp's way of saying, look, vote on his basic proposal, the proposal th
meeting this the red room, president obama held firm for tax cuts for families making up to $250,000 per year, and joining me on the north lawn of the white house is kristen welker. kristen, let's listen to what the president said about and up or down vote or what he expects from the senate. >> i had a good and constructive discussion here with the leadership about this tax hike on the middle-class. i am optimistic that we can reach an agreement that will be passed in both houses. if an...
237
237
Dec 27, 2012
12/12
by
CNBC
tv
eye 237
favorite 0
quote 0
especially after president obama won the election. senate democratic leadership aide tells me that will remains a 50/50 chance we will get a mini deal temporary extension of tax cuts under $250,000 before the january 1 deadline when we would go over the cliff. will are no assurances of that. a white house official told me as president obama prepares to fly back to conduct and participate in the negotiations at the end, there has been no progress over the holiday weekend. michelle, i'm afraid that people who are looking for a deal and looking for a deal by december 31, all hope is not lost. it is not looking good at the moment. >> let's go back to this hitting the debt ceiling on monday. we learned of this because treasury secretary tim good night mother sent a letter to the honorable harry reid majority leader. and that's where he outline it is fact that in three business days, the summit government is going to run out of borrowing capacity. john, if there were a treasurer in a business who went to their boss and said by the way, thre
especially after president obama won the election. senate democratic leadership aide tells me that will remains a 50/50 chance we will get a mini deal temporary extension of tax cuts under $250,000 before the january 1 deadline when we would go over the cliff. will are no assurances of that. a white house official told me as president obama prepares to fly back to conduct and participate in the negotiations at the end, there has been no progress over the holiday weekend. michelle, i'm afraid...
142
142
Dec 31, 2012
12/12
by
MSNBCW
tv
eye 142
favorite 0
quote 0
it's that president obama has retreated on his hard line on taxes. obama may think his conciliatory approach has helped avoid economic chaos. instead, he is courting it." i want to go right to jimmy williams because you have been a senate staffer. you understand how this thing works. why would the white house even bother to increase from 250,000 to 400,000. they don't really have to. they're winning this fives fight. >> the only people that actually care whether or not the threshold is 250,000 to 400,000 are these people that are going to vote on it. nobody else really cares. all they really care is that you get a deal. these people are sitting at ground zero. these snores, these liberals. i'm a liberal. i don't care what the thereby hold is. i don't give a damn if it's a million. i just want them to get a deal or go over the cliff, but somebody just make up your mind up on capitol hill. that's what the american people would like to hear. here's the bottom line. even if they do get a deal at 450,000 or 500,000 or whatever that number is, barack obama
it's that president obama has retreated on his hard line on taxes. obama may think his conciliatory approach has helped avoid economic chaos. instead, he is courting it." i want to go right to jimmy williams because you have been a senate staffer. you understand how this thing works. why would the white house even bother to increase from 250,000 to 400,000. they don't really have to. they're winning this fives fight. >> the only people that actually care whether or not the threshold...
90
90
Dec 29, 2012
12/12
by
FBC
tv
eye 90
favorite 0
quote 0
again, in an afternoon white house meeting president obama pitch a debt plan he had outlined a week ago, prevent a tax increase for income of less than to an effective thousand dollars per year and extend long-term unemployment benefits. senate leaders are using that framework to try to craft a proposal to pass both houses of congress. aides say it would likely increase the threshold for tax increases, reversing massive pay cut from medicare doctors, and elections of millions of americans to avoid paying the alternative minimum tax. an increase in the debt ceiling is not part of the discussion. that is significant development for house republicans who won any increase in the borrowing limit it accompanied by an equal amount in spending cuts taking the debt ceiling of the table making it much easier for the scaled-down version to be negotiated. from here senate leaders will try to secure an agreement by sunday morning. if so, democrats and republicans will try to sell its house and senate members. if they can do that the voting begins. there is some progress report this evening, though t
again, in an afternoon white house meeting president obama pitch a debt plan he had outlined a week ago, prevent a tax increase for income of less than to an effective thousand dollars per year and extend long-term unemployment benefits. senate leaders are using that framework to try to craft a proposal to pass both houses of congress. aides say it would likely increase the threshold for tax increases, reversing massive pay cut from medicare doctors, and elections of millions of americans to...
121
121
Dec 31, 2012
12/12
by
FBC
tv
eye 121
favorite 0
quote 0
do not have to vote for a tax increase. it happens with or without you. you do not have to vote for a tax increase in that way. obama has something to worry about here, by the way. the republicans could even lose the next election because of this. he will have to live with this in the history books. dagen: reelection or legacy? great to speak with you, david. happy new year. tom kloza is coming up next. we had record gas prices this year. the average price we paid this year was a new record. will it be even higher in 2013? the top-selling car in 2012 was the ford focus. kind of little. if you are celebrating, finding that cab ride home after the party is going to cost you some coin. we are talking about limo service. i have used it. it is kind of nice. take a look at the treasury markets. the bond market closes today, early at 2:00 p.m. eastern time. that is what the federal government can do, it can borrow money at that. ♪ [ male announcer ] this is joe woods' first day of work. and his new boss told him twongs -- cook w
do not have to vote for a tax increase. it happens with or without you. you do not have to vote for a tax increase in that way. obama has something to worry about here, by the way. the republicans could even lose the next election because of this. he will have to live with this in the history books. dagen: reelection or legacy? great to speak with you, david. happy new year. tom kloza is coming up next. we had record gas prices this year. the average price we paid this year was a new record....
141
141
Dec 28, 2012
12/12
by
KGO
tv
eye 141
favorite 0
quote 0
spending cuts and tax hikes will go into effect unless lawmakers can broker a deal. >> reporter:cx$z president obama will4zkn:eÑ with congressional leaders later today at the white house. it may be too late for a deal. there are just four days left before the fiscal cliff deadline. >> i have to be honest mr. president, i don't know timewise how it can happen now.((?u >> reporter: harry reid lashed out at house speaker bane area out at house speaker bane area caution him ofrm" dictatorship. >> boehner seems to care more about keeping his speakership than keeping the nation on firm financial footing. >> reporter: republicans blame democrats. >> republicans aren't about to write a blank cheque or anything senate democrats put forward just because we find ourselves at the edge of the cliff. that wouldn't be fair to the american people. >> reporter: president obama flew home early from his speaker boehner call the house back into town for an unusual sunday session. members of congress understand the 11th hour actions may not be enough to appease the public. >> the american people have a
spending cuts and tax hikes will go into effect unless lawmakers can broker a deal. >> reporter:cx$z president obama will4zkn:eÑ with congressional leaders later today at the white house. it may be too late for a deal. there are just four days left before the fiscal cliff deadline. >> i have to be honest mr. president, i don't know timewise how it can happen now.((?u >> reporter: harry reid lashed out at house speaker bane area out at house speaker bane area caution him...
212
212
Dec 30, 2012
12/12
by
MSNBCW
tv
eye 212
favorite 0
quote 0
that would extend middle-class tax cut, deal with spending cuts. it's a basic plan that the president is calling for. something similar has already passed so the white house feels confident that what the president is calling for could again pass through the senate and get through the house. in order for that to happen, richard, that would involve every single democrat in the house voting for it as well as about 30 republicans. so the question is could they actually get that many republicans to vote for this pack am that the president is calling for. but politically what he is doing is essentially saying this is the plan i'm putting forth, let's get it through the senate and if it fails, it will fail through the senate house, letting republicans own that failure. putting it in a box. president obama giving the lawmakers here two options. one, to come up with their own alternative proposal. of course, that's something senate majority leader harry reid will work on. if not, he'll say put my plan to basic up or down vote. richard? >> kristen, i didn't
that would extend middle-class tax cut, deal with spending cuts. it's a basic plan that the president is calling for. something similar has already passed so the white house feels confident that what the president is calling for could again pass through the senate and get through the house. in order for that to happen, richard, that would involve every single democrat in the house voting for it as well as about 30 republicans. so the question is could they actually get that many republicans to...
150
150
Dec 28, 2012
12/12
by
MSNBCW
tv
eye 150
favorite 0
quote 0
he writes in part, for many republicans a cliff dive is blaming president obama for a big tax hike in the short term and then voting to cut taxes for most americans next month. for democrats, better than setting a rich man's cutoff in the million dollar range or extending tax cuts for all earners and slashing entitlem t entitlements to appease republicans. what does your gut tell you? do they want to go off the fiscal cliff? go to facebook.com/newsnation to vote. that does it for us. i'm craig melvin in for tamron hall. "the cycle" up next and go skins. new years clutter is no match for someone with big ideas. with a new project in mind, some how-to knowledge to give us an edge, and more savings down every aisle. it only takes a few twists and turns for those bright ideas to make the new year even brighter. more saving. more doing. that's the power of the home depot. start fresh and save with hdx 20 gallon totes, a special buy at just $5.88 a piece.
he writes in part, for many republicans a cliff dive is blaming president obama for a big tax hike in the short term and then voting to cut taxes for most americans next month. for democrats, better than setting a rich man's cutoff in the million dollar range or extending tax cuts for all earners and slashing entitlem t entitlements to appease republicans. what does your gut tell you? do they want to go off the fiscal cliff? go to facebook.com/newsnation to vote. that does it for us. i'm craig...
225
225
Dec 31, 2012
12/12
by
MSNBCW
tv
eye 225
favorite 0
quote 0
why is obama caving on taxes? the article reads in part, the erosion signals not only a major substantive problem in its own right but also raises disturbing questions about obama's ability to handle his entire second-term agenda. do republicans sense a little weakness here, an opportunity? could the president's concession hurt his ability later on to negotiate with the gop? >> no. i think he is doing what needs to be done. unfortunately, this president hasn't operated or led this country like keith's former boss, president clinton, who understood the art of negotiation and actually getting there and rolling up his sleeves and having discussions well before everyone's back is against the wall. i can't believe i'm saying it but i am encouraged to see joe bide nen there and talking with mitch mcconnell. it is good to have the negotiations. they need to in her reference it's better to have them as fred as tear and ginger rogers dancing and discussing issues back and forth as opposed to what we have with thelma and lo
why is obama caving on taxes? the article reads in part, the erosion signals not only a major substantive problem in its own right but also raises disturbing questions about obama's ability to handle his entire second-term agenda. do republicans sense a little weakness here, an opportunity? could the president's concession hurt his ability later on to negotiate with the gop? >> no. i think he is doing what needs to be done. unfortunately, this president hasn't operated or led this country...
173
173
Jan 1, 2013
01/13
by
CSPAN2
tv
eye 173
favorite 0
quote 0
a huge loophole in the estate tax. a very low tax on dividends. and only the very top tax bracket for the wealthiest among us was touched at all. it wasn't the $250,000 level that president obama had said he was fighting for. it was $400,000 plus. there aren't many folks who are at that level and only that top bracket was touched. so if you are very well off in america, you got a very good deal last night but america got a big problem, which is the potential for enduring deficits, structural deficits that undermine the soundness of our future finances. in addition, the bill that we considered last night created some additional fiscal cliffs in the very near future, within two months, within march. and one is that it doesn't address the debt ceiling. now, debt ceiling isn't about what we spend, not about the decisions on what we spend, it's whether or not we're going to pay the bill after the spending has been authorized. it's like saying to yourself, you know, when the credit card bill comes, i'm just not going to pay it. because i shouldn't have
a huge loophole in the estate tax. a very low tax on dividends. and only the very top tax bracket for the wealthiest among us was touched at all. it wasn't the $250,000 level that president obama had said he was fighting for. it was $400,000 plus. there aren't many folks who are at that level and only that top bracket was touched. so if you are very well off in america, you got a very good deal last night but america got a big problem, which is the potential for enduring deficits, structural...
206
206
Dec 28, 2012
12/12
by
KTVU
tv
eye 206
favorite 0
quote 0
economists hope they'll come up with a plan to avoid automatic tax increases and government spending cuts. some fear the meet as good just for show, however a big development with the senate minority leader. he spoke directly with the president for the first time in negotiations. >> i told the president we would be happy to look at whatever he proposes but the truth is we're coming up against a hard dead line here and as i said, this is a conversation we should have had months ago. >> the main sticking point is who should pay more in taxes. democrats want a hike on households making more than $400,000 a year and republican aids say their leaders might get on board with that offer. >>> meanwhile if they aren't able to avoid the fiscal cliff people here in alabama will be especially hard hit. that's because prop 30 will soon mean higher sales taxes and higher income taxes on the state's top earners, the fiscal cliff would add to that hitting all american with higher taxes. >> i don't know if there's a word to describe how upset the public is going to be. nobody's going to be happy to s
economists hope they'll come up with a plan to avoid automatic tax increases and government spending cuts. some fear the meet as good just for show, however a big development with the senate minority leader. he spoke directly with the president for the first time in negotiations. >> i told the president we would be happy to look at whatever he proposes but the truth is we're coming up against a hard dead line here and as i said, this is a conversation we should have had months ago....
131
131
Dec 29, 2012
12/12
by
MSNBCW
tv
eye 131
favorite 0
quote 0
of course, democrats and president obama have called for tax rates to increase on those making $250,000 or less. republicans have said that's way too low. so they're thinking about potentially compromising on a rate that would be $400,000 or $500,000, but some republicans are saying they don't think that the tax rate should go up on anyone. so taxes still the major sticking point. right now the negotiations are going on the hill and there's a lot of optimism that came from the talks yesterday. of course, president obama hosted congressional leaders at the white house and they left that meeting and many said that it was constructive and they were optimistic that a deal could get done and i've been talking to my sources today and that same optimism isn't really present right now. there's more skepticism about a deal getting done and it is still very early in this process and this is a fluid situation so it could change on a dime, but that's what's going on behind the scenes and the white house monitoring clearly, what's happening. >> what's the president doing today? >> reporter: well, he
of course, democrats and president obama have called for tax rates to increase on those making $250,000 or less. republicans have said that's way too low. so they're thinking about potentially compromising on a rate that would be $400,000 or $500,000, but some republicans are saying they don't think that the tax rate should go up on anyone. so taxes still the major sticking point. right now the negotiations are going on the hill and there's a lot of optimism that came from the talks yesterday....
172
172
Dec 30, 2012
12/12
by
CNNW
tv
eye 172
favorite 0
quote 0
by the way, aren't taxes going up anyway? >> true. >> what people don't know or what we haven't focused on here, nobody is talking about keeping taxes low on social security. >> right. the payroll tax, the extension of the holiday in effect is not even on the table at this point. >> right. my question is, could this be an ongoing battle where you see a series of skirmishes in the new year over the debt ceiling and over another budget because it's an ideological tug-of-war that will eventually break and they're just fighting for it now, but it's a huge battle of ideas that maybe they have to fight over for a while. >> it is. you're right, jessica. i think the speaker at heart -- it's not about necessarily his caucus to vote. he does not believe that raising taxes on people making more than $250,000 is a good economic policy and thinks it's disastrous. the president doesn't believe an austerity program is goord the economy. they're not near each ear on what helps the economy improve. that's at the core of this. >> i totally aag
by the way, aren't taxes going up anyway? >> true. >> what people don't know or what we haven't focused on here, nobody is talking about keeping taxes low on social security. >> right. the payroll tax, the extension of the holiday in effect is not even on the table at this point. >> right. my question is, could this be an ongoing battle where you see a series of skirmishes in the new year over the debt ceiling and over another budget because it's an ideological...
274
274
Dec 28, 2012
12/12
by
WBAL
tv
eye 274
favorite 0
quote 0
democrats are going to dare republicans to block an up or down vote on the president's proposal of tax hikes for everyone over $250,000. >> john harwood joining us from washington this evening. thanks so much, john. >>> and a program note. david gregory will have an exclusive interview with president obama on the fiscal cliff crisis this sunday on "meet the press." >>> and now to the weather. and more snow is on the way as we head into the new year's weekend, and that may not be the end of it. the weather channel's chris warren joins me now. chris, good evening. >> good evening to you, too, natalie. we are watching a storm right now developing that will bring some snow to the northeast. the satellite does show that storm right now taking shape in the southeast, and it is going to move into the northeast. it's tapping into some gulf of mexico moisture. we're going to watch the timing right now. tomorrow morning, snow will be flying in the ohio valley throughout much of pennsylvania. during the day, moving into philadelphia, new york city and then into connecticut and boston by the eveni
democrats are going to dare republicans to block an up or down vote on the president's proposal of tax hikes for everyone over $250,000. >> john harwood joining us from washington this evening. thanks so much, john. >>> and a program note. david gregory will have an exclusive interview with president obama on the fiscal cliff crisis this sunday on "meet the press." >>> and now to the weather. and more snow is on the way as we head into the new year's weekend,...
339
339
Dec 29, 2012
12/12
by
CNNW
tv
eye 339
favorite 0
quote 0
so president obama agreed to extend the tax cuts for two more years in exchange for congress extending federal emergency unemployment benefits. those cuts are expensive. if they're extended by 2020, the bush-era tax cuts will be responsible for more than half the total national debt. democrats insist that taxes go up for the wealthy but stay in place permanently for those earning less than $250,000 a year. >> we need to stop the job killing tax hikes, and we need to start cutting spending now. >> republicans refuse to play ball. they say no higher rates on the rich, no tax hikes on anyone. based on an ideology that calls for government to be as small as possible. the roots are as old as american politics, but today the philosophy's main spokesman is this man. grover norquist, president of americans for tax reform. norquist's pledge signed by almost all republicans in congress forbid signatories from raising taxes ever under any circumstances. things come to a head in the summer of 2011, republicans demand the government reduce the deficit as a condition for raising the nation's debt ce
so president obama agreed to extend the tax cuts for two more years in exchange for congress extending federal emergency unemployment benefits. those cuts are expensive. if they're extended by 2020, the bush-era tax cuts will be responsible for more than half the total national debt. democrats insist that taxes go up for the wealthy but stay in place permanently for those earning less than $250,000 a year. >> we need to stop the job killing tax hikes, and we need to start cutting spending...
74
74
Dec 28, 2012
12/12
by
FBC
tv
eye 74
favorite 0
quote 0
politics with orphans and taxes here in the united states. i'm outraged. the thing with the fiscal cliff, this russian thing bothers me. it shows the obama administration, you can want -- cannot set policies between u.s. and russia. >> it's a slap in the face. >> you have to be strong. >> everybody's making mountain out of a mole hill here about the meeting that's going on with the president and congressional leaders over h
politics with orphans and taxes here in the united states. i'm outraged. the thing with the fiscal cliff, this russian thing bothers me. it shows the obama administration, you can want -- cannot set policies between u.s. and russia. >> it's a slap in the face. >> you have to be strong. >> everybody's making mountain out of a mole hill here about the meeting that's going on with the president and congressional leaders over h
251
251
Jan 1, 2013
01/13
by
CNBC
tv
eye 251
favorite 0
quote 0
tax es are going to go up next year also. >> maybe. >> taxes. >> president obama has never said anyone of those thing. >> happy new year. thank you very much. thank you very much. appreciate it. the night continues head over to cnbc.com for the latest. happy new year everybody and all of 2012. excuse me, sir i'm gonna have to ask you to power down your little word game. i think your friends will understand. oh no, it's actually my geico app...see? ...i just uh paid my bill. did you really? from the plane? yeah, i can manage my policy, get roadside assistance, pretty much access geico 24/7. sounds a little too good to be true sir. i'll believe that when pigs fly. ok, did she seriously just say that? geico. just click away with our free mobile app. [ male announcer ] how could switchgrass in argentina, change engineering in dubai, aluminum production in south africa, and the aerospace industry in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest
tax es are going to go up next year also. >> maybe. >> taxes. >> president obama has never said anyone of those thing. >> happy new year. thank you very much. thank you very much. appreciate it. the night continues head over to cnbc.com for the latest. happy new year everybody and all of 2012. excuse me, sir i'm gonna have to ask you to power down your little word game. i think your friends will understand. oh no, it's actually my geico app...see? ...i just uh paid my...
117
117
Dec 27, 2012
12/12
by
MSNBCW
tv
eye 117
favorite 0
quote 0
he gets all this additional tax revenue for programs. he gets to cut the military, and he gets to blame republicans for it. >> let's take the cynicism out of that, let's ask the question, is there in fact some benefit to going over the cliff? >> i think that there is. i don't think that the president does want to go over the cliff. i think he's made it extremely clear that he doesn't. and that's because he -- the president is not that much of a risk taker, he would rather come to a deal. he's eager to come to a deal. i don't think he's kidding, hen watts a big deal. he just doesn't have a partner on the other side. he's right and republicans know he's right. if you go over the cliff at this point tax rates go up, on dividends, capital gains and estate taxes go up. republicans want them down, they have to actively push to force them down. democrats only have to lower them for some elements of the population, certainly, the political situation is much better for democrats after january 1st if they go over the cliff. >> sure, that's a compl
he gets all this additional tax revenue for programs. he gets to cut the military, and he gets to blame republicans for it. >> let's take the cynicism out of that, let's ask the question, is there in fact some benefit to going over the cliff? >> i think that there is. i don't think that the president does want to go over the cliff. i think he's made it extremely clear that he doesn't. and that's because he -- the president is not that much of a risk taker, he would rather come to a...
189
189
Dec 30, 2012
12/12
by
KBCW
tv
eye 189
favorite 0
quote 0
tax hike would only fund the government for eight days. what and the president propose to do the other 357 days of the year? >> reporter: president obama insists his plan on the table is fair and includes plenty of cuts to government spending. >> we can't ford a politically self-inflict wound to the economy. if they don't pan out, he is ready to plomyself -- propose his own tax bill. patience is wearing thin. >> for those of us investing in the stock market, it's disgusting to watch them jockey around with our money. >> reporter: missing in all the last-minute northbounds is talks about the $1.2 trillion mandatory spending cuts scheduled to go into affect tuesday. tara mergener for cbs news, washington. >>> three people are dead after a late-night apartment fire in san jose. the fire began after 11 last night on bridgeport court on the city's west side. the san jose fire department put out the blaze and then discovered the bodies of a man, woman, and child. >> they will upgrade the alarm and to have some personnel in place. we had multiple
tax hike would only fund the government for eight days. what and the president propose to do the other 357 days of the year? >> reporter: president obama insists his plan on the table is fair and includes plenty of cuts to government spending. >> we can't ford a politically self-inflict wound to the economy. if they don't pan out, he is ready to plomyself -- propose his own tax bill. patience is wearing thin. >> for those of us investing in the stock market, it's disgusting to...
540
540
Dec 29, 2012
12/12
by
KGO
tv
eye 540
favorite 0
quote 0
the average american household would see their tax bill go up nearly $3,500. this evening, president obama telling congress, the american people are watching what we're doing here. he appeared in the briefing room a short time ago. let's go right to jon carl tonight. good evening. >> reporter: good evening, david. there are finally signs of life here in washington. after meeting with congressional leaders here at the white house, the president pronounced himself modestly optimistic that a bipartisan agreement can finally be struck that would prevent taxes from going up on virtually everybody in just four days. after meeting with the congressional leaders, the president said there would be one more effort to come to a bipartisan agreement to avoid the fiscal cliff. >> the hour for immediate action is here. it is now. and the american people are not going to have any patience for a politically, self-inflicted wound to our economy. >> reporter: there are signs of progress. mitch mcconnell and harry reid have agreed to spend the next 24 hours trying to come to a b
the average american household would see their tax bill go up nearly $3,500. this evening, president obama telling congress, the american people are watching what we're doing here. he appeared in the briefing room a short time ago. let's go right to jon carl tonight. good evening. >> reporter: good evening, david. there are finally signs of life here in washington. after meeting with congressional leaders here at the white house, the president pronounced himself modestly optimistic that a...